New York, 24 May (Argus) — A sharp drop-off in tonne-mile demand for US Gulf coast medium range (MR) clean tankers so far this year has pressured freight rates for the segment to the lowest […]
As the world moves toward a sustainable future, some regions have an abundance of renewable energy, while others are at a geographical disadvantage. Japan-based startup PowerX has a solution with the world’s first electric battery tanker, “X,” […]
Greek shipping companies are making a lot of money by moving large volumes of Russian oil that other tanker companies are unwilling to touch. Ukraine has added the tanker firms of several Greek tycoons to […]
SINGAPORE, April 21 (Reuters) – Volumes of liquefied natural gas (LNG) stored at sea have increased on an annual basis this month, driven by more vessels in Asia amid high inventories and slow spot demand in Japan, China […]
Last August, we were the first to show how Russia was bypassing Europe’s so-called commodities embargo: it was selling LNG to China which was then re-selling it to Europe at a substantial mark up. And […]
Valero takes Venezuelan crude in February Houston, 28 April (Argus) — US independent refiner Valero received crude from Venezuela in February, adding to the list of US refineries that are absorbing volumes from the South […]
Tehran, Iran – Iran and the United States have again found themselves on opposite sides as they provided contradictory accounts of events that led to Tehran’s seizure of an oil tanker in the Gulf of […]
By Tsvetana Paraskova of Oilprice.com, With global trade being upended by sanctions on Russia while Asia and the Middle East add refining capacity at the expense of the U.S. and Europe, orders for fuel tankers […]
Japanese shipbuilder Kawasaki Heavy Industries (KHI) has delivered the 84,000 cbm dual-fuel liquefied petroleum gas (LPG) carrier, Captain Markos, to US-headquartered LPG shipping company Dorian LPG. Courtesy of Dorian LPG The vessel, delivered on 31 March, is […]
Home Clean fuel Jiangnan Shipyard receives $470 million order for two LNG carriers Jiangnan Shipyard, a subsidiary of China State Shipbuilding Corporation (CSSC), has entered into shipbuilding contracts with compatriot insurance conglomerate China Taiping Insurance Holdings for the construction […]
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